- decks
- flashcards
- learners
Decks in this class (38)
FINANCIAL STATEMENTS
What are the four critria that ne...,
What are the items that are inclu...,
Are gain losses reported together...
127
cards
BASIC CONCEPTS & FINANCIAL STATEMENTS
Not considered an appropriate mea...,
Determine fv of an asset when no ...,
Should interest and advertising b...
15
cards
INCOME STATEMENTS ITEMS
When would we not be required to ...,
Calc the beps net income or loss ...,
Calc the basic earnings per share 3
138
cards
Cash & Investments
When reporting cash on the balanc...,
What should the cash account on t...,
When calc the cash bank balance a...
73
cards
Accounts Receivables
How to calc the ar before allowan...,
How to calc the credit loss expen...,
How does write off affect the cre...
35
cards
INVENTORY
Does interest have an effect on i...,
How to calc cogs using the period...,
Are the packaging for shipping sh...
95
cards
PPP&E
When there is impairment that was...,
Proper accounting treatment for f...,
Calc the amount that the land nee...
103
cards
SEC Reporting and other topics
What is income approach 1,
What is the market approach 1,
Should a loss that is material lo...
45
cards
INTAGIBLES ASSETS
Calc the amount the patent should...,
Calc the royalty revenue 2,
Calc the interest expense the loan 3
30
cards
Payable and Taxes
What would create a deferred tax ...,
What is considered a permanent bo...,
Current liabilities includes whic...
72
cards
DEBT CONVENANT COMPLIANCE
Calc the interest coverage ratio 1,
Calc the current ratio 2
2
cards
NONCURRENT LIABILITIES
Calc the amount should fine repor...,
Calc the long term liabilities of...,
Calc whether the trouble debt res...
90
cards
LEASES
Calc the warranty expense 1,
When should the lessee recognize ...,
When are lease expense recognized 3
49
cards
EQUITY
Using the cost method of accounti...,
Calc the additional paid in capit...,
Calc the report common stock outs...
71
cards
CONSOLIDATED FINANCIAL STATEMENTS
In business combination assets ac...,
When a parent subsidiary relation...,
When are consolidated financial s...
45
cards
30 sets of MCQ That I'm getting Wrong
Restudy and understand why I'm getting many questions wrong
177
cards
STATEMENT OF CASHFLOWS
Examples of operating activities 1,
Ex of financing activities 2,
Ex of investing activities 3
34
cards
GOV & NON-FOR-PROFIT ACCT
What is a capital fund 1,
Can a local gov unit use the fidu...,
What funds are included in govern...
59
cards
FINANCIAL STATEMENTS NEW PLAN
When there is a problem which has...,
During the accrual basis of accou...,
True or false when financial stat...
32
cards
30 MCQ Deck Ch 1 Topics
Are legals fees billed or unbille...,
When calc the total revenue do we...,
When doing the calc for accrual b...
4
cards
New Study Plan Flashcard Deck 2
Two methods that help variable co...,
When there is an error net that h...,
When there is a change in account...
37
cards
New Study Plan Flashcard Deck 3
An entity should report an invest...,
If investor uses the equity metho...,
Is the equity method require if t...
30
cards
New Study Plan Deck 4 Chapter 6
When a major entity business was ...,
Formula to calc the cost of goods...,
What are disadvantages of periodi...
36
cards
New Study Plan Deck 5 Chapter 7
When an entity uses allowance met...,
For the double decline method do ...,
For the sum of the year digit do ...
45
cards
NFP SFCPA
What are some examples of financi...,
What are some examples of support...,
Which financial statement in the ...
46
cards
SFCPA Deck 2
When a company acquired a buildin...,
Items that are included in the fi...,
Formula for total debt ratio 3
26
cards
MARCH CHAPTER 1 SFCPA DECK
How to calc the equity for the ba...,
What accounts are affected when d...,
When making adjustments in the ba...
40
cards
APRIL 2025 CHAPTER 2
On the settlement date how is for...,
Formula to calc the diluted earni...,
When cause an antidilutive eps 3
33
cards
May 2025 Chapter 5 SFCPA
If available for sale securities ...,
How are material unusual or infre...,
What are the journal entries for ...
31
cards
June 2025 Chapter 6
During periods of inflation endin...,
How is inventories measured using...,
How is inventories measured using...
33
cards
JULY 2025 Chapter 7
How to calc the dollar lifo inven...,
Double declining balance deprecia...,
What is half year convention 3
35
cards
AUG CHAPTER 8
Are legal fees and patents cost e...,
Capitalization of costs incurred ...,
Are research and development cost...
32
cards
Chapter 9 Sept
When there is decline credit loss...,
When we receive the product at th...,
How to calc the gain on sale of h...
11
cards
LEASES NOV 25
What is residual value guarantee 1,
Calc the right to use asset 2,
How to calc the lease liability i...
17
cards
CHAPTER 12 Equity
What happens to apic and re when ...,
When there is a portion of declar...,
Are property dividends remeasured 3
6
cards
CONSOLIDATED FINANCIAL STATEMENTS
When using the allowance method w...,
Is estimated gross profit allowed...,
When a company borrows cash and u...
5
cards
STATEMENT OF CASHFLOWS
Blank 1,
When we calc the net income for t...
2
cards
GOV & NON-FOR-PROFIT ACCT
T f does the accrual basis of acc...,
T f modified accrual basis of acc...,
Rules for same year errors for pr...
6
cards
More about
Financial Accounting Reporting
- Full test name Unspecified
- Test acronym Unspecified
The creator of this class did not yet add a description for what is included in this class.
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
FMAA™
- 24 decks
- 588 flashcards
- 253 learners
Decks:
Accounting Foundations Terminology, Recording Transactions The Accounting Cy, T Accounts And Journalizing, And more!
Financial Accounting and Reporting
- 36 decks
- 681 flashcards
- 244 learners
Decks:
Financial Reporting Environment, Income Statement Items, Stay Focused, And more!
Financial Accounting 12 Chapter 1 Dis...
- 57 decks
- 2604 flashcards
- 93 learners
Decks:
Chapter 1 Discussion Q S, Chapter 2 Discussion Q S, Law Definitions, And more!
